Bangladesh Bank has fixed the maximum limit for cash withdrawal from the bank for the sake of security. From now on no more than 4 lakh cash can be withdrawn from an account. The regulatory agency has issued a notice to the banks that this decision will be applicable until further instructions.
Bangladesh Bank gave this instruction in an urgent message to the bank's managing directors or MDs on Saturday (August 24) night. The management director of several banks confirmed this information to the media.
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According to the instructions, even if a customer cannot withdraw more than four lakhs in cash, they can transfer any amount of money to another account and do digital transactions.
It is known that after the change of government, the pressure to withdraw cash increased a little. The pressure to withdraw cash is seen especially from pro-Awami politicians and business families. Bangladesh Bank has decided to discourage the withdrawal of cash so that these funds are not used in any way for terrorist or illegal activities.
In the previous week, the maximum cash withdrawal was Tk 3 lakh. The highest policy-making body of the financial sector has fixed the new limit by increasing the cash withdrawal facility by another Tk 1 lakh within a week.
Before that, on August 10, it was said that no more than two lakh rupees cash can be withdrawn from the account. Before that, on Thursday, August 8, the customer could not withdraw more than one lakh rupees. On that day it was said that instructions were given only for Thursday.
Sheikh Hasina left the country after resigning from the post of Prime Minister on August 5 in the face of the unforgettable coup of the students. Through this, 16 consecutive years of Awami League's unprecedented misrule and arbitrariness came to an end. During the Awami League government period, the central bank is restricting cash withdrawal to warn that the owners of huge wealth cannot launder money by illegal means through bank robbery, corruption and stock market manipulation.
An official of Bangladesh Bank said that a new government has been formed in the country. The pressure to withdraw cash increases somewhat in changing circumstances. The pressure to withdraw cash is seen especially from politicians and business families. Bangladesh Bank has decided to discourage the withdrawal of cash so that these funds are not used in any way for terrorist or illegal activities. In continuation of this, Bangladesh Bank announced this decision on Saturday night.